Bitcoin climbed above $81,000 on Friday, advancing despite setbacks for the cryptocurrency industry during the week. The largest cryptocurrency by market value reached $81,055 during Friday morning trading in New York and was later quoted at $80,982. That represented an increase of nearly 6% over the previous 24 hours. The move came even as the Clarity Act failed and an interest-rate hike added to the week’s negative developments for the crypto sector, according to Bitcoin Magazine. The report said the latest rally followed action by lawmakers, without providing further details. Bitcoin’s move places the asset back above the $81,000 level after a period marked by conflicting industry and monetary-policy news.
Source
Bitcoin Magazine
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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